We examine how a social stigma of seeking information can inhibit learning. Consider a Seeker of uncertain ability who …

networks are recognized as the most credible source of information about new technologies. We incorporate social learning in … communicator influences learning and adoption. Farmers find communicators who face agricultural conditions and constraints most … comparable to themselves to be the most persuasive. Incorporating communication dynamics can take the influential social learning …

We examine the role of generalized constant gain stochastic gradient (SGCG) learning in generating large deviations of …

This paper develops a theory of expectations-driven business cycles based on learning. Agents have incomplete knowledge … series is captured, unlike in standard models. Inherited from real business cycle theory, the benchmark model suffers a …

We study the perfect Bayesian equilibrium of a model of learning over a general social network. Each individual … characterize the conditions under which there will be asymptotic learning -- that is, the conditions under which, as the social … unbounded (meaning that the implied likelihood ratios are unbounded), there will be asymptotic learning as long as there is some …

Learning or experience curves are widely used to estimate cost functions in manufacturing modeling. They have recently … shows that there is a fundamental statistical identification problem in trying to separate learning from exogenous … technological change and that the estimated learning coefficient will generally be biased upwards. Second, we present two empirical …

This paper develops a model of Bayesian learning from online reviews, and investigates the conditions for asymptotic … learning of the quality of a product and the speed of learning under different rating systems. A rating system provides … to leave a review as a function of her overall satisfaction. We study learning dynamics under two classes of rating …

learning about hard-to-learn features of the data generating process (low frequency behavior) can generate all the prominent … rates for the sample period 1980-2019 and CBO forecasts of GDP growth for the sample period 1976-2019. Our learning model …

learning in guiding selective attention and market dynamics. We confirm that attention focuses on options that quickly achieve …